Sprint CEO Gets $2.6 Million Bonus

Sprint Nextel Corp. Chief Executive Dan Hesse received a $2.6 million bonus in 2008, 30% higher than his targeted payout, even as the wireless carrier's subscriber defections and losses mounted.

Mr. Hesse's overall compensation package for the year was valued in the company's proxy filing at $15.5 million, including equity grants and a base salary of $1.2 million. Sprint's customer base shrunk by 4.6 million during 2008, and it posted...